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Water Intelligence ( (GB:WATR) ) has provided an announcement.
Water Intelligence PLC has repurchased 5,500 of its own ordinary shares at a price of 310 pence each, as part of a transaction authorized by shareholders. This move, executed through Dowgate Capital, is part of the company’s strategy to manage its share capital and voting rights. Following the transaction, the company holds 227,150 shares in treasury, with a total of 19,340,538 voting rights in the company. This transaction may impact shareholder calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The most recent analyst rating on (GB:WATR) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Water Intelligence stock, see the GB:WATR Stock Forecast page.
Spark’s Take on GB:WATR Stock
According to Spark, TipRanks’ AI Analyst, GB:WATR is a Outperform.
Water Intelligence’s strong financial performance and strategic corporate events are key strengths, supporting a positive outlook. However, bearish technical indicators and the lack of a dividend yield temper the overall score. The company’s strategic initiatives and solid financial health position it well for future growth, but market sentiment remains cautious.
To see Spark’s full report on GB:WATR stock, click here.
More about Water Intelligence
Water Intelligence PLC is a leading multinational company specializing in precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water. The company operates in the water management industry, focusing on providing innovative solutions to address water leakage issues.
Average Trading Volume: 27,161
Technical Sentiment Signal: Strong Sell
Current Market Cap: £58.05M
For a thorough assessment of WATR stock, go to TipRanks’ Stock Analysis page.